Financial institutions expected to use guidance to bolster resilience to environmental risk and set tangible targets.
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
New reports shed light on how climate risks are taken into account by financial institutions and affect credit ratings.
Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets.
Financial institutions urged to mitigate risks posed by water-stranding events to portfolios and loan books.
UK bank faces investor scrutiny after shareholder rebellion over Credit Suisse climate plans.
Jeanne Martin, Senior Campaign Manager at ShareAction, says investors should think carefully before backing banks’ net zero strategies.
Financial institutions told to encourage stakeholders to focus their financing activities on achieving economy-wide decarbonisation.
Greater scope and depth needed to keep pace with demand for more holistic approaches to climate risk management by banks and investors.
New report finds that most Indian banks have not yet factored climate change into business strategies.
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